Home Information Packs (HIPS) are definately going to be abolished, according to the new Conservative/Liberal Democrat Government’s Coalition Policy which has just been released. The document stipulates that Energy Performance Certificates will be retained.

The announcement comes after months of speculation but will come as a major blow to the HIP industry including many conveyancing firms, who have poured millions into the ill-fated venture. But it is said that it may go some way to helping boost the UK’s housing market.